Finland: Meat Market 2024

Meat Market Size in Finland

For the third consecutive year, the Finnish meat market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. Meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Meat Production in Finland

In value terms, meat production reached $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of meat in Finland was estimated at X kg per head, approximately reflecting 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X%. Over the period under review, the average meat yield attained the maximum level at X kg per head in 2019; however, from 2020 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for meat production in Finland; standing approx. at 2021. In general, the number of producing animals showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2013; however, from 2014 to 2022, producing animals failed to regain momentum.

Meat Exports

Exports from Finland

In 2022, overseas shipments of meat decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat exports reduced to $X in 2022. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and New Zealand (X tons) were the main destinations of meat exports from Finland, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat exported from Finland were Sweden ($X), South Korea ($X) and Denmark ($X), with a combined X% share of total exports. New Zealand, China, Estonia, Poland, Norway and Japan lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average meat export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Finland

In 2022, supplies from abroad of meat was finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a mild contraction. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, meat imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of meat to Finland, with a X% share of total imports. Moreover, meat imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Italy (X% per year).

In value terms, the largest meat suppliers to Finland were Germany ($X), the Netherlands ($X) and Denmark ($X), together comprising X% of total imports. Italy, Sweden, Poland, Estonia and New Zealand lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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